Friendly And Busy Local In The Popular Derbyshire Village For Sale

Business description

FRIENDLY AND BUSY LOCAL IN THE POPULAR DERBYSHIRE VILLAGE OF LOSCOE OFFERING A SOLID EXISTING TRADE AND POTENTIAL FOR THE INTRODUCTION OF FOOD




Excellent village location.
Lounge area, carpeted with fixed and loose seating.
Bar area with a tiled floor, pool area and darts throw.
Indoor skittle alley, offering all year round skittles.
Owners flat with lounge, two double bedrooms, office/ single bedroom, large kitchen/diner and bathroom/WC.
Takings of £5,000 per week (incl.VAT).
100% wet trade with potential for food.
Lease from December 2002 with a rent of £20,575.
Assignment of a 21 year Union (now Scottish & Newcastle) open house Plus Lease.


SOLID EXISTING TRADE WITH BAGS OF POTENTIAL.


ASKING PRICE £49,950 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL EXCLUDING S.A.V.


THE LOCATION
This excellent business is located in the friendly Derbyshire village of Loscoe.

Located between the larger towns of Heanor and Ripley, Loscoe retains its atmosphere of togetherness and community forged during its roots as a former mining community, whilst taking advantage of its strategic location.

Offering easy access to Nottingham and Derby and further afield via the M1, these villages have increased in popularity and demand in recent years, with easy access to Matlock and the Derbyshire Peak district.

Located at the heart of the village the business is ideally situated to fully take advantage of these favourable trends.

THE PROPERTY

The front porch leads to the main trading area. To the left is the lounge, carpeted with a ceramic tiled bar surround. There is a combination of fixed and loose seating offering a good-sized and comfortable drinking experience. Doors lead out to the rear garden.



Right from the porch is the bar with its tiled floor and fixed and loose seating. There is a pool table and a darts throw and the bar servery links through to the lounge. In the bar is a big screen TV.

Across the rear yard is the purpose built indoor skittles alley, heated and offering all year round skittles. This is a major attraction with the local popularity of skittles leagues. There are plans to link the rear of the business with a covered area, offering an outside space for smokers and new owners would be able to discuss these with the Pub Co.



A rear hall houses the ladies and gents WC's and there is a reasonable sized catering kitchen (equipment not tested). The beer cellar is underground and of a good size with brick stillage for the popular cask ales.

OWNER'S ACCOMMODATION

On the first floor is a lounge with access to a private terrace. There are two double bedrooms, an office/ single bedroom, a large kitchen/ diner and bathroom/WC.

EXTERNAL

To the front is a large car park. To the rear is a good-sized rear yard, which could relatively easily be converted into a highly valuable beer garden. The creation of such a facility combined with a covered smoker's area would definitely bring rich rewards.

TRADING AND LICENSING

We are advised that the business trades with the benefit of a Premises licence (not seen) which permits the sale of alcohol during the hours of:

9.30 am to 12.00 midnight

Current opening hours are:

Mon. to Thurs. 2.00pm to 12.00 midnight

Fri. to Sun. 12.00 noon to 12.00 midnight

GENERAL REMARKS

We are instructed to offer this business as a leasehold re-assignment of a 21-year Union Pub Co Open House Plus (now Scottish & Newcastle) lease from December 2002. There is a full tie with discounts available on all drinks.

We are advised that all mains services are connected, with gas central heating (no services seen or tested).

Business rates are advised as being £6,000 per annum.

We are advised that at the end of the term the lease (not seen by Guy Simmonds) will be renewable with no further premium - subject to the provision of the Landlord and Tenant Act 1954.

N.B. Important. Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1-Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

THE BUSINESS

The business has been in the same ownership for 4 years and has achieved excellent takings and profits during this period.

The business is now being reluctantly sold due to family circumstances.

Takings are around £5000 per week with the latest gross profits recorded at 48.6%.

Turnover is solid and based on local trade with strong support from its regulars. It is a traditional trade, never busier than on Wednesday and Saturday nights they have a sing along to Ray on the organ.

This trade could however be developed by the careful introduction of food, which could bring in profitable incremental trade.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold